BYM Capital and the PDI Series
Strength of lead: Moderate — documented collapse, Shooter directorship, Barnet property connection
Summary
Shooter was a director of two SPVs in the Permitted Developments Investments series — a network of at least 23 companies originally created by BYM Capital, which collapsed in October 2023 owing £119 million. The series includes a property in Shooter’s own borough (The Spires Shopping Centre, High Barnet). Multiple SPVs are now in administration, liquidation, or receivership. Several have been taken over by a group of Israeli directors.
Key Facts
BYM Capital Collapse
- Claimed £700 million AUM
- Entered administration 19 October 2023 (FRP Advisory appointed by High Court)
- Total creditors owed £119 million including £50M+ to Standard Bank of South Africa
- Driven by rising construction costs and interest rate increases
- Founded by Matan Abraham Amitai, Ben Ditkovsky, and Joseph Dunner
Source: Bisnow
Shooter’s PDI Directorships
- PDI No 8 (11319715): Director June 2021 – February 2025
- PDI No 13 (11937440): Director May 2020 – August 2025
- Permitted Developments No Ltd (13851613): Director January 2022 – dissolved November 2025
- On both No 8 and No 13, Shooter served alongside Jeffrey Mark Weinzweig (Gold Wynn), who remains sole director of both
Asset Transfer Pattern
- BYM founders resigned from No 8 and No 13 on the exact dates Shooter and Weinzweig were appointed
- This indicates properties were transferred from BYM Capital to the Gold Wynn orbit
- The shared Churchill House, Bunns Lane registered address with Gold Wynn UK Holdings confirms the connection
The Spires, High Barnet
- PDI No 18 / now “NEG The Spires Ltd”
- The Spires Shopping Centre in High Barnet — in Shooter’s own borough
- BYM proposed 300 new homes (five/six-storey blocks) at the site
- Plans exhibited April 2023 but BYM entered administration before formal application
- Opposed by local MP and residents
- Now controlled by NEG group of Israeli directors
Source: Barnet Society
Distressed SPVs
- PDI No 6: In Administration (Papermill House, Uxbridge)
- PDI No 10: In Liquidation
- PDI No 15: Receiver Action
- PDI No 19: Receiver Action
- PDI No 5: Dissolved
NEG Group — Israeli Directors
Several PDI companies (Nos 12, 16, 17, 18, 18 Holdings, 21) were taken over by a group of Israeli-connected directors: Hanokh, Liberman, Michael, Perl, Zacharovitch. Research into this group was not completed.
Strategic Value
- Shooter being a director of SPVs in a series that collapsed owing £119M raises questions about due diligence
- The Spires connection — a major development proposed in his own borough while he was a sitting councillor — is a potential conflict of interest
- The BYM collapse + Dadoun bankruptcy means both of Shooter’s external business relationships ended in financial distress
- The transfer of assets from a collapsing fund (BYM) to Gold Wynn through Shooter’s co-directorship with Weinzweig suggests Gold Wynn was cherry-picking assets from distressed vehicles